Triovest Achieves 4 Stars in 2020 GRESB Assessment
Triovest was recognized with a 4-star standing and achieved a score of 78/100 in the 2020 GRESB Real Estate Assessment.
Triovest achieved high ranking performance in Social and Governance categories, and identified opportunities to make further improvements in its Environmental performance. Triovest also scored second in the Canada | Diversified | Non-listed Development scorecard with a score of 83/100.
“Triovest made meaningful progress to advance ESG performance across the business over the previous year,” says Philippe Bernier, VP Innovation & Sustainability. “We recognize the importance of performance-based ESG benchmarks, and our team is working diligently to address opportunities identified through GRESB.”
The 2020 GRESB Assessment structure fundamentally changed, establishing a new baseline for measuring Performance. GRESB advised against a direct comparison between 2020 GRESB Scores and the results of the year prior.
“Participation in the 2020 Real Estate Assessment grew significantly from last year to cover 1,229 real estate portfolios worth more than US 4.8 trillion AUM,” says Roxana Isaiu, Director Real Estate at GRESB. “While we still have many challenges to overcome on our way to a more sustainable future, it’s inspiring to see this collective commitment to ESG transparency and collaboration from across the global real estate industry.”
GRESB is an industry-driven organization committed to assessing the environmental, social, and governance (ESG) performance of real estate portfolios around the globe. The dynamic benchmark is the international standard used by institutional investors, including many Triovest clients, to engage with their investments and improve the sustainability performance of real estate portfolios.
“The commercial real estate industry is becoming increasingly sophisticated in ESG and the bar for performance keeps rising. This is a necessary requirement if the goal is to continuously improve and drive meaningful, value-add impact.” Ben Welch, Sustainability Specialist at Triovest.
Visit GRESB for more information.